{"product_id":"value-investing-isbn-9780471398103","title":"Value Investing","description":"Provides a modern analytical framework for assessing a company's true value\u003cbr\u003e \u003cbr\u003e Written by a true value investor known for his ability to buy undervalued companies and re-sell them at a substantial profit, Value Investing provides an analytical framework that evaluates the impact of real events-including restructuring, regulations, mergers and acquisitions, and other important factors-on a company's value.\u003cbr\u003e \u003cbr\u003e Well-known for his success with distressed corporations and value investing, author Martin Whitman wages a controversial attack on the modern financial practice of focusing on price movements and short-term trading. In Value Investing, Whitman identifies fundamental factors affecting the value of companies and entire markets from the ground up and takes value investing one step further by demonstrating how industry movement and public policy decisions can lead to greater returns. He also highlights the shortcomings of all the popularly applied analytical techniques.Die hier vorgestellte Methode des 'Value Investing' (Investitionsentscheidungen nach der Wertanalyse) lost die traditionelle Praxis ubertriebener Preisbeobachtungen ab. Die moderne Unternehmensbewertung wird von einem echten Value-Investor vorgestellt, der bekannt ist fur seine Treffsicherheit beim Kauf von unterbewerteten Unternehmen, die er spater wieder mit betrachtlichem Gewinn verkauft. \"Value Investing\" zeigt Ihnen, wie Sie von der Informationsvielfalt profitieren, z.B. von Fusionen und Akquisitionen und Unternehmens- oder offentlichen Finanzierungen. Whitman definiert die grundlegenden Faktoren, die den Unternehmenswert und ganze Markte beeinflussen konnen und befurwortet die Abkehr von der herkommlichen Analyse der Preisbewegungen und kurzfristigen Handelszielen.  DIFFERENT APPROACHES TO THE INVESTMENT PROCESS.\u003cbr\u003e \u003cbr\u003e What is Value Investing?\u003cbr\u003e \u003cbr\u003e Academic Finance: Efficient Market Hypothesis and Efficient Portfolio Theory.\u003cbr\u003e \u003cbr\u003e Graham and Dodd Fundamentalism.\u003cbr\u003e \u003cbr\u003e Broker-Dealer Research Departments and Conventional Money Managers.\u003cbr\u003e \u003cbr\u003e REAL-WORLD CONSIDERATIONS.\u003cbr\u003e \u003cbr\u003e Corporate Valuation.\u003cbr\u003e \u003cbr\u003e The Substantive Characteristics of Securties.\u003cbr\u003e \u003cbr\u003e Capital Structure.\u003cbr\u003e \u003cbr\u003e Promoters' and Professionals' Compensations.\u003cbr\u003e \u003cbr\u003e Uses and Limitations of Financial Accounting.\u003cbr\u003e \u003cbr\u003e Uses and Limitations of Narrative Disclosures.\u003cbr\u003e \u003cbr\u003e Semantics Counts.\u003cbr\u003e \u003cbr\u003e RESOURCE CONVERSION.\u003cbr\u003e \u003cbr\u003e A Simplified Example.\u003cbr\u003e \u003cbr\u003e Acquiring Securities in Bulk.\u003cbr\u003e \u003cbr\u003e Restructuring Troubled Companies.\u003cbr\u003e \u003cbr\u003e Other Resource Conversion Topics.\u003cbr\u003e \u003cbr\u003e Epilogue: The Values of Value Investing.\u003cbr\u003e \u003cbr\u003e Index. \"The book has a lot and I recommend it. It is remarkably well written for a book on finance and, perhaps most importantly, easily comprehensible.\"(Investment Adviser, 22 January 2001)  \u003cp\u003e\u003cb\u003eMARTIN J. WHITMAN, CFA,\u003c\/b\u003e is Chairman, CEO, and portfolio manager of the successful Third Avenue Value Fund and the Third Avenue Small Cap Value Fund. A leader in value investing, he is a Management Fellow at the Yale University School of Management.   \u003c\/p\u003e\u003cp\u003e\"Essential reading for anyone in today's turbulent markets.\" —Jeffrey E. Garten, Dean, Yale School of Management  \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for MARTIN J. WHITMAN and\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e \u003cb\u003e\u003ci\u003eVALUE INVESTING\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"An excellent book on investments. But, more importantly, this volume is a primer explaining to Main Street, especially Main Street businesspeople, how Wall Street really operates.\"\u003cbr\u003e \u003cb\u003e—Eugene M. Isenberg, Chairman of the Board, Nabors Industries, Inc.\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"A must read for all thoughtful investors interested in a rational, disciplined, risk-averse template for successful long-term compounding.\"\u003cbr\u003e \u003cb\u003e—O. Mason Hawkins, CFA, Chairman and CEO, Southeastern Asset Management, Inc. and The Longleaf Partners Funds\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"This author knows whereof he speaks. His many years of extremely successful experience as a professional manager of investments, his academic training, and his period of teaching at a major university all make their mark on this illuminating volume. It reveals how a bright, analytically minded person with extensive practical experience studies and evaluates investments.\"\u003cbr\u003e \u003cb\u003e—William J. Baumol, Professor and Director, C.V. Starr Center, NYU \tProfessor Emeritus, Princeton University\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"This book by an experienced and practicing master, Martin Whitman, is a treasure and a reference book on how to think and feel like an owner of a business without the headache of running it day to day.\"\t\u003cbr\u003e \u003cb\u003e—Papkens Der Torossian, Chairman and CEO, Silicon Valley Group, Inc.\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Marty Whitman is renowned for his uncanny instincts and insights in picking bargains in stocks and bonds. His book is a real bargain. To benefit from decades of Marty's experience is invaluable and to have such a commonsense and realistic approach is an extra dividend.\"\u003cbr\u003e \u003cb\u003e—Milton Cooper, Chairman, Kimco Realty Corporation\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990445670629,"sku":"NP9780471398103","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471398103.jpg?v=1761787859","url":"https:\/\/k12savings.com\/es\/products\/value-investing-isbn-9780471398103","provider":"K12savings","version":"1.0","type":"link"}